The Cost of Electric Furnaces: What You Need to Know?

Cost of electric furnaces

Discover the true cost of electric furnaces and make an informed decision for your home. Click here to learn everything you need to know

Cost of electric furnaces:

When it comes to heating your home, Electric furnaces are the best option. They are the most reliable, Efficient & Environment friendly way to warm your home in the colder weather. These can warm your homes with electric coils rather than gas, oil & Coal. Before making the decision to install these furnaces, you must know the estimated costs of installation, replacement & the whole furnace system. We dive deep to give you the best information related to Electric furnace costs. Let’s discuss some of the main points in this Article.

Electric Furnace is a heating system that heats your home’s air using electricity. It warms the air, which is then circulated throughout the house by a blower motor, using heating elements or coils. Powered furnaces do not require a fuel source or combustion process, making them more energy efficient and environmentally friendly than gas or oil furnaces.

cost of electric furnaces

New Electric Furnace Cost vs Replacement:

If you are considering installing a new electric furnace or replacing an old furnace in your home to keep it warm, you must consider the cost of the heating system. A furnace is essential, especially if you live in a cold climate. The cost of installing a new electric furnace or replacing an old one varies according to the size of your home and the type of furnace you select. The cost of replacing a furnace or installing a new electric furnace ranges from $2,000 to $7,000 on average. This figure includes the cost of duct installation or electrical wiring. 

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Electric Furnace Installation Cost:

In addition to the cost of the furnace itself, you’ll also need to consider the installation cost. The cost of installation varies according to the complexity of the system installation & the according to the structure of your home. The average installation cost ranges from $1,000 to $3,000.

Factors that Affect Furnace Cost:

The total cost of Electric furnace installation can depend on several factors, including:

Type of furnace: There are various types of electric furnaces on the market, ranging from basic models to high-end models with advanced features. The cost of installation will depend on the type of furnace you select.

Size of furnace: The size will depend on the size of your home and your heating needs. 

Installation location: The cost of installation will vary depending on where the furnace is installed. Installing a furnace in an attic or crawl space requires  additional labor and materials, raising the overall cost.

Ductwork: If your home doesn’t have existing ductwork, the cost of installation will be higher as new ductwork will need to be installed.

Electrical wiring: Electric wiring systems need to be installed for the furnace. This will need to be installed, which can increase the total cost.

Labor costs: Labor costs will depend on the complexity of the installation and the experience of the installer.

Permits and fees: Depending on your location, you may need to obtain permits and pay fees for the installation of a new electric furnace.

Energy efficiency: Higher efficiency furnaces will generally cost more to install, but they can save your money on your energy bills in the long run.

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Additional features: Some electric furnaces come with additional features such as air purification, humidifiers, and programmable thermostats, which can increase the cost of installation.

An average estimation of factors & their costs.

FactorsNew Furnace Replacement
New Furnace Unit$700 – $2,600$700 – $2,600
Other materials$150 – $200$150 – $200
Labor$600 – $2,100$800 – $2,000
Duct Installation$2,200 – $6,800$0 – $700
Permits$250 – $1,500$250 – $1,500
Total Cost$4,100 – $13,000$2,000 – $7,000

Electric furnaces are an ideal choice for homeowners seeking an efficient, clean, and safe method of heating their homes. However, before you decide to buy an electric furnace, you should consider several factors that may contribute to the overall cost of installation, such as replacement cost, installation cost, new electric furnace cost, cost to replace your old furnace with an electric furnace, and the estimated cost of electric furnaces. You can make an informed decision about which heating option is best for you and your home if you understand these costs.

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